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If the minimum wage is set above the market wage the?
Unemployment will rise.
Why does disequilibrium unemployment exist?
Disequilibrium unemployment, also known as real wage unemployment or classical unemployment exists primarily for 2 reasons: 1) trade unions or labor organizations bargain for higher wages, or 2) government mandates some minimum wages.
What is the 2011 federal unemployment wage limit?
7000.00
How do you distinguish between money wage and real wage?
Real Wage = Money Wage / Price Index Real wage measures purchasing power, that is what an hour's labor can buy.
The real wage will rise if the nominal wage?
The real wage is the amount of money paid when adjusted for inflation. This wage will rise if the nominal wage rises.
Who is responsible for the minimum wage and unemployment in US?
george w. bush
Can unemployment garnish your wages for a past overpayment?
how can I stop a wage garnishment
WHAT ARE your thoughts about minimum wage legislation?
All economists agree that min wage laws assure youth unemployment, low-skill worker unemployment, and thus young black and Hispanic unemployment. Yoots who WOULD get hired at wage rates lower than the min wage, are not worth hiring at the mandatory floor rate, so employers insist on skill or experience at min wage jobs. I also think min wage no big deal, since only 1 million US workers in an employed workforce of 140 million earn min wage.
What minimum wage and unemployment insurance are most directly a result of?
lobbying - apex
During the depression wage cuts and unemployment eventually affected who?
All levels of society.
The minimum wage and unemployment insurance are most directy a result?
lobbying - apex
How is real wages measured?
real wage is
